IDX Says There Are 10 Big Asset Companies Queue For IPO

IDX (Photo: Antara)

JAKARTA - There are 10 large-scale rice companies above Rp250 billion in line for the Initial Public Offering (IPO) in the Indonesian stock market.

In addition, PT Bursa Efek Indonesia (IDX) in the IPO queue also contained 16 medium-scale rice companies between IDR 50 billion to IDR 250 billion, and one small-scale rice field company below IDR 50 billion.

"As of December 8, 2023, 79 companies have listed shares on the IDX with funds raised at IDR 54.14 trillion," said IDX Director of Corporate Assessment I Gede Nyoman Yetna quoting Antara.

Of the total 27 companies in the IPO queue, Nyoman explained that six non-primary consumer goods sector companies, five industrial sector companies, three primary consumer goods sector companies, and three infrastructure sector companies.

Then, three companies in the raw goods sector, three technology sector companies, two energy sector companies, one transportation & logistics sector company, and one financial sector company.

Furthermore, he revealed that there have been 27 listed companies that have issued rights issues on the IDX until December 8, 2023, with a total value of IDR 40.9 trillion.

"And there are still 24 companies listed in the IDX rights issue queue," said Nyoman.

Then, the IDX noted that 107 emissions from 57 debt securities and sukuk (EBUS) publishers had been issued with funds raised reaching Rp. 117.8 trillion.

"As of December 8, 2023, there are 17 emissions from 11 EBUS publishers who are in the pipeline," said Nyoman.

For information, on October 6, 2023, the Indonesian stock market recorded the most initial shares (IPO) in history in a period of one year, which was 68 listings of shares.

In addition, on November 10, 2023, the IDX recorded that the number of listed companies had reached more than 900 issuers.